Senior Housing and Assisted Living Facilities for Sale in Arizona

ID#0038154   Approximate Beds/Units:  62/74     Location:  Phoenix

Another firm is pleased to introduce a 31,181 SF Health Care Building in Phoenix. This NNN investment opportunity is being marketed at a 7.0% cap rate and below replacement cost at $200/SF. This housing facility’s present use is senior living/assisted living. There are 62 rooms ranging from 164 SF to 292 SF. Many rooms have two to three beds. The current tenant of 12 years is the fourth largest Hispanic nonprofit in the country with an operating budget of over $74 million. The tenant moved into the property in May of 2012 and has had 2% annual rent increases. In May of 2022 and 2023, the landlord executed a one-year extension with the tenant to give a future owner flexibility in negotiating their lease terms, changing the use of the property, or even for an owner/operator to buy the facility. They have signed a one-year lease extension until May 31st, 2024. This 74-bed facility is the model template facility for all future facilities. This site has over $500,000 of tenant improvements (paid for by the tenant over the last decade) and all mechanical systems have been replaced or repaired. The landlord is responsible for the roof and structure. The tenant is responsible for all other costs associated with the property. This property sits on 1.5 acres, improved with a 31,181 SF group home constructed in 1964 & 1984. The tenant has been in existence since 1987, is continuing to add additional locations throughout the United States, and is in a growth mode due to high demand. They maintain a high level of occupancy at or near 100%, with an average stay time of 30 to 60 days. A new roof was installed in 2021.

ID#0038151   Approximate Beds/Units:  20 Beds    Location:  Tucson 

Another firm is pleased to introduce the sale of an existing, operating, 20-bed Assisted Living Facility and Business. The real estate is $2,350,000; operating business concern is $50,000. The current occupancy is full – 20 residents. Extra land is available for the construction of a second building. The building size is 7,738 SF.

ID#0038156   Approximate Beds/Units:  111     Location:  Peoria

Another firm is pleased to introduce a state-of-the-art Senior Living and Memory Care facility located in Peoria, Arizona, directly across from a retirement community licensed for 111 beds (90 Rooms). There are 75 beds are licensed for Directed Care (Memory Care), which allows for the highest level of care and 36 beds are licensed for Personal Care (Assisted Living). The Assisted Living facility has a separate Memory Care wing with four different floor plans to choose from. The facility is a two-story building that includes a business center, beauty salon, library, game room, theater room, full gym, MedyJet massage bed, arts and crafts room, dog park, and a beautiful courtyard for residents to enjoy year-round. There are also two stand-alone electric charging stations (4 chargers) valued at $30,000, that were installed in 2021.

ID#0038155 – Approximate Beds/Units:   123    Location:   Tucson

Another firm is pleased to introduce an Independent Living, Assisted Living, and Memory care Facility. Independent Living offers beautiful apartments with all the comforts of home. Located in Northwest Tucson, the uniquely designed custom villas allow residents to age in place with all the comforts of home, all under the backdrop of the beautiful Sonoran Desert. The property has 5 existing Villas and a 1.5-acre lot that is entitled to build an additional 55 Independent Living units. The property is professionally managed and is positioned for substantial growth. Villa 1 – 1.5 Acre lot for additional 55 rooms – Independent Living. Villa 2 – Currently has 16 Assisted Living Rooms. Entitlements allow for future development with Villa 2 being demolished and combined with Villa 1 to build 55 additional Independent Living units. Villa 3 – 22 rooms – Memory Care Villa 4 – 16 rooms/31 beds – Memory Care Villa 5 – 27 rooms – Assisted Living Villa 6 – 27 rooms – Assisted Living The Villas are all licensed for Memory Care, which is the highest level of care. Under this license, all rooms can operate as either all Assisted Living, all Memory Care, or both. Amenities will include exercise & wellness centers, a full-service beauty salon, activity & media rooms, community computer stations, scenic paths & tranquil vistas, housekeeping & laundry service, beautiful dining areas, chauffeured transportation, and an emergency call response system.